IRA’s provide a smart way to save for retirement because qualifying taxpayers earn interest tax deferred. Fixed rate IRA CDs are available in terms from 12 months to 60 months along with variable rate IRA CDs available in 18- month terms with: no service fees, $200 minimum to open variable rate IRA and $1,000 minimum to open fixed rate IRA.

Features:

• Minimum to open account and earn interest on the Variable IRA is $200.00.
• Minimum to open account and earn interest on the Fixed Rate IRA is $1,000.00.
• IRS requires penalty be imposed for early withdrawals prior to the age of 59 ½.
• Early withdrawal COD penalties assessed by bank from withdrawal prior to 59 ½.
• Rates may vary from week to week on the 18-month Variable Rate IRA.
• Variable IRA-term is 18 months; contributions can be made at any time up to the customers maximum allowable amount.
• Fixed IRA terms range from 12 months – 60 months.
• Terms, fees, and variable rates are subject to change.
• No service fees.

Benefits:

• Save money for retirement tax deferred.
• Low risk - depositors are FDIC insured.
• Competitive rates allow you to maximize earnings.
• Flexibility of choosing from variety of rate and term options.